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Tourism and hotel industry in Singapore - statistics & facts

Tourism is a major industry in Singapore, contributing to around four percent of its gross domestic product in 2019. In 2018, Singapore was the fifth-most visited city in the world, and second-most visited city in Southeast Asia. Visitor arrivals to Singapore in that year were recorded to be around 18.5 million, while 2019 saw a record 19.11 million international visitor arrivals. Since 2009, visitor numbers have doubled, and growth in this area is expected to continue in the near future.

The increase in visitor numbers could be seen as the success of Singapore’s investments in the tourism, leisure and entertainment sector, marketing itself as a must-visit city destination offering a variety of unique experiences. In the last decade, Singapore completed several large-scale projects that helped place it on the tourism map, such as the Formula One Singapore Grand Prix, the world’s only night race; Gardens by the Bay, in which the world’s largest glass greenhouse is situated; and the world’s second-largest aquarium, the S.E.A Aquarium in Resorts World Sentosa. Since 2019, Singapore added another superlative attraction to that list - the world's tallest indoor waterfall, located in the newly opened entertainment complex Jewel Changi Airport.

However, the increase in visitor numbers did not translate to a corresponding increase in international visitor spending, which saw little growth from 2017 to 2018. Even so, Singapore still ranked fourth in international visitor spending worldwide in 2018. The largest spenders were visitors from China, who not only led in visitor numbers but also in contributions to the tourism receipts.

In 2019, however, one area of tourist spending reached a record high. Singapore not only saw record tourist numbers but also the highest transaction value in terms of hotel deals, reaching close to six billion U.S. dollars as at the end of November. By comparison, hotel transaction volumes were at 4.2 billion U.S. dollars as of November 2018, a year which saw an average occupancy rate of 86.2 percent, the highest in the previous ten years. The hotel industry thus highly benefited from the tourist influx and the rising number of visitors, more so than other sectors in the tourism industry.

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Tourism and hotel industry in Singapore

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